Kara Swisher, co-editor of AllThingsD, broke the story on Sunday that Yahoo was dumping its new CEO Scott Thompson in the wake of his having falsified his resume.

A few hours later, the board confirmed the report with the official announcement that Ross Levinsohn was taking over as interim CEO, and Thompson was out. Fred Amoroso has taken over the role of chairman of the board with Roy Bostock exiting.

WaxWord spoke to Swisher about what this all means for the internet giant, which has struggled mightily for a solid strategic direction, while dealing with an activist shareholder and a board of directors in conflict over sinking share price.

Will the company now find its way after multiple leadership changes and strategic shifts?